Independent power company Calpine Corp. of San Jose, CA,completed its acquisition of 80% Cogeneration Corp. of America’s(CGCA) common stock for about $146 million. The deal growsCalpine’s gas-fired power production by 20% to 2,476 net megawattsof capacity.

“This acquisition significantly increases Calpine’s naturalgas-fired portfolio and extends our reach into three new markets aswe continue to acquire and develop competitive energy centersacross the nation,” said Calpine Vice President John King.

Calpine gains an ownership interest in six gas-firedfacilities-totaling approximately 580 megawatts and has assumedoperations of four of the plants. NRG Energy Inc., a wholly ownedsubsidiary of Northern States Power, will retain the remaining 20%interest in CGCA.

Calpine adds 400 net megawatts to its portfolio and enters threepower markets. In the eastern Pennsylvania-New Jersey-Marylandmarket, in which Calpine is developing a 545-MW gas-fired facility,the company has secured interests in four gas-fired facilities. TheMorris, IL, facility provides Calpine with an entree into theMid-Atlantic Interconnect Network, where the company now has a50-MW block of power to sell into the midwestern wholesale market.Calpine’s third new market is the Southwest Power Pool where it cannow sell 100 MW of non-firm energy from its Pryor, OK, plant intothe market several years in advance of any new generation enteringthe region.

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